Statute of Frauds: Fundamental law requiring real estate contracts to be in writing, signed by parties, and containing all essential terms. Required by all US states for real property transactions.
State-Specific Real Property Laws: Individual state laws governing real estate transactions, including specific property transfer requirements, recording requirements, and notice requirements.
Land Use and Zoning Laws: Local and state regulations governing property use, including zoning ordinances, permitted use restrictions, and development regulations.
Environmental Laws: Federal (CERCLA/Superfund) and state environmental regulations affecting property transactions, including environmental liability considerations and compliance requirements.
Property Tax Laws: State and local tax regulations affecting property transactions, including tax assessment considerations and transfer tax requirements.
Contract Law Principles: Basic contract law requirements including consideration, offer and acceptance, and capacity to contract, as applicable to real estate options.
Title Requirements: Legal requirements regarding property title, including title search and insurance requirements, liens and encumbrances, and recording requirements.
Time Limitations: State-specific rules governing option duration and the Rule Against Perpetuities where applicable.
Consumer Protection Laws: Laws protecting consumer interests in real estate transactions, including disclosure requirements and fair housing laws, particularly for residential properties.
Registration Requirements: Regulatory requirements including real estate broker regulations, legal representation requirements, and notarization requirements.
